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Assistant Professor of Finance and Business Economics
University of Southern California
Los Angeles, CA, 90089
Tel (Office): (213) 821 9887
Email: miao.zhang@marshall.usc.edu
Curriculum Vitae | Google Scholar Page

Published Papers

Labor-Technology Substitution: Implications for Asset Pricing
~WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research
Journal of Finance, 2019, 74(4), 1793-1839 [Appendix] [Slides]
[Data (iRShare)] Share of routine-task labor for SIC 3-digit and NAICS 4-digit industries in 1990-2018.
[Replication] A note on the construction of iRShare and using iRShare to replicate two key findings.

Trading Up and the Skill Premium
(with Nir Jaimovich, Sergio Rebelo, and Arlene Wong )
NBER Macroeconomics Annual, 2019, 34(6) [Slides]

Local Risk, Local Factors, and Asset Prices
(with Selale Tuzel )
Journal of Finance, 2017, 72(1), 325-370 [Appendix] [Slides]
[Data (MSA Beta)] Local beta at for MSAs in 1986-2016.

Suitability Check and Household Investments in Structured Products
(with Eric Chang and Dragon Tang )
Journal of Financial and Quantitative Analysis, 2015, 50(3), 597-622 [Appendix]


Working Papers

Economic Stimulus at the Expense of Routine-Task Jobs
(with Selale Tuzel )
~AFA, WFA, Mitsui Finance Symposium, Minnesota Macro-Asset Pricing Conference, CICF, LA Finance Day, CSEF Conference on Finance, Labor and Inequality
[Slides]
[Data (State Section 179 Limits)] State tax deduction limits for Section 179 incentive.

Measuring Regulation
(with Michael Simkovic )
~NBER Summer Institute Law and Economics 2019, American Law and Economics Association Annual Meeting (NYU) 2019
[Slides]